XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives $25.42 Consensus Price Target from Analysts

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.4154.

Several equities analysts have commented on the stock. Morgan Stanley reiterated a “reduce” rating on shares of XPENG in a research note on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a research report on Wednesday. Macquarie set a $26.00 price target on shares of XPENG and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Loop Capital set a $25.00 price objective on shares of XPENG in a research note on Tuesday, January 6th. Finally, Daiwa Capital Markets raised XPENG from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, November 18th.

Institutional Trading of XPENG

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its holdings in XPENG by 228.7% during the second quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after purchasing an additional 1,140,593 shares in the last quarter. SG Americas Securities LLC raised its stake in XPENG by 7.1% in the 4th quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock valued at $23,695,000 after purchasing an additional 77,476 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in XPENG by 32.6% during the second quarter. Public Employees Retirement System of Ohio now owns 135,518 shares of the company’s stock worth $2,423,000 after acquiring an additional 33,282 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of XPENG by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after purchasing an additional 28,983 shares during the period. Finally, Ethic Inc. increased its stake in shares of XPENG by 6.8% during the 2nd quarter. Ethic Inc. now owns 77,604 shares of the company’s stock valued at $1,407,000 after acquiring an additional 4,926 shares during the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

XPENG Stock Down 3.3%

Shares of NYSE XPEV opened at $19.27 on Friday. The company has a market capitalization of $18.28 billion, a P/E ratio of -45.87, a P/E/G ratio of 3.06 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95. The company has a 50 day simple moving average of $20.25 and a 200-day simple moving average of $20.94. XPENG has a 1 year low of $14.40 and a 1 year high of $28.24.

XPENG (NYSE:XPEV) last issued its quarterly earnings data on Monday, November 17th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.41. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $20.48 billion. XPENG had a negative net margin of 4.02% and a negative return on equity of 9.25%. On average, equities research analysts predict that XPENG will post -0.96 earnings per share for the current year.

XPENG Company Profile

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.